Ameriprise 2009 Annual Report Download - page 94

The following table presents the cash dividends paid to the parent holding company, net of cash capital contributions made by the parent
holding company for the following subsidiaries:
Years Ended December 31,
2009 2008 2007
(in millions)
Cash dividends paid/(contributions made), net
RiverSource Life $ — $ 775 $ 900
Ameriprise Bank, FSB (85) (82) —
AEIS(1) — 10 108
ACC 25 (115) 70
RiverSource Investments, LLC — (336) 100
RiverSource Service Corporation 3 15 22
Threadneedle 49 52 50
Ameriprise Trust Company — 16 12
Securities America Financial Corporation — (25) (17)
AFSI(1) — 140 100
IDS Property Casualty 85 50 185
Ameriprise Advisor Capital, LLC (10) — —
AMPF Holding Corporation (38) — —
Other 2 1 (12)
Total $ 31 $ 501 $ 1,518
(1) In 2009, AEIS and AFSI became subsidiaries of AMPF Holding Corporation.
Share Repurchases, Debt Repurchases and Dividends Paid to Shareholders
We have a share repurchase program in place to return excess capital to shareholders. Since September 2008 through the date of this
report, we have suspended our stock repurchase program. We may resume activity under our stock repurchase program and begin
repurchasing shares in the open market or in privately negotiated transactions from time to time without notice. We reserve the right to
suspend any such repurchases and to resume later repurchasing at any time, and expressly disclaim any obligation to maintain or lift any
such suspension. At December 31, 2009, there was approximately $1.3 billion remaining to repurchase shares under authorizations
approved by our Board of Directors.
Pursuant to the Amended and Restated Ameriprise Financial 2005 Incentive Compensation Plan, we reacquired 0.8 million shares of our
common stock in 2009 through the surrender of restricted shares upon vesting and paid in the aggregate $11 million related to the
holders’ income tax obligations on the vesting date.
In 2009, we extinguished $460 million principal amount of our 5.35% senior notes due 2010 and $135 million principal amount of our
junior notes. In 2008, we extinguished $43 million of our junior notes. In the future, we may from time to time seek to retire or purchase
additional outstanding debt through cash purchases in the open market, privately negotiated transactions or otherwise, without prior
notice. Such repurchases, if any, will depend upon market conditions and other factors. The amounts involved could be material.
We paid regular quarterly cash dividends to our shareholders totaling $164 million, $143 million and $133 million in 2009, 2008 and
2007, respectively. On February 3, 2010, our Board of Directors declared a quarterly cash dividend of $0.17 per common share. The
dividend will be paid on February 26, 2010 to our shareholders of record at the close of business on February 12, 2010.
Operating Activities
Net cash used in operating activities for the year ended December 31, 2009 was $1.3 billion compared to net cash provided by operating
activities of $1.9 billion for the year ended December 31, 2008, a decrease of $3.2 billion. In 2009, operating cash was reduced by
$1.9 billion due to a decrease in net cash collateral held related to derivative instruments, compared to an increase in operating cash of
$1.6 billion in 2008. Partially offsetting this decrease was an increase in cash for the year ended December 31, 2009 due to repayments of
funds advanced to clients in 2008 to fund their liquidity needs following the freeze of funds in the Reserve Primary Fund and the Reserve
ANNUAL REPORT 2009 79